North Valley Bank's $300 Checking Bonus: A Hebron, OH Deal Worth Your Time?

If you live near Hebron, Ohio, and you're always on the lookout for a solid bank bonus, North Valley Bank has a deal that might catch your eye. They're offering up to $300 for opening a new Five Star Checking account. But like any good bonus, it comes with a few strings attached. Let's break it down so you know exactly what you're getting into.

How to Snag the Full $300

This bonus comes in two parts, and you'll need to hit both to get the full amount. First, you'll want to open a Five Star Checking account at the Hebron branch. Then, within the first 90 days, you must meet all the Five Star Checking qualifications: enroll in eStatements, make 10 debit card transactions that settle and post each cycle, and set up one direct deposit per month. Do that, and you'll get $200.

The extra $100 is a bit simpler. You just need to complete three online bill pay transactions that actually go through during that same 90-day window. No minimum amount required for those bill pays, so you can pay small bills like a $5 credit card payment or a utility. Just make sure they post and clear.

Once you've met both sets of requirements, the bank will deposit the bonuses into your account within 30 days after verification. Just keep the account open and in good standing until then.

Watch Out for the Fee Trap

The Five Star Checking account normally comes with a $7.50 monthly fee. But if you meet the Five Star qualifications each month (the same ones needed for the bonus), that fee gets waived. So, if you're already doing the debit card transactions and direct deposit, you should be fine. But if you slack off after the bonus period, that fee will start eating into your earnings.

Also, be aware that this offer is only available if you open the account at the Hebron office. That's a bit limiting, but if you're local, it's a no-brainer. And remember, bonuses are taxable, so set aside some of that cash for Uncle Sam.

Is It Worth It?

If you live near Hebron, this is a pretty straightforward deal. The requirements aren't too demanding—10 debit card transactions a month is easy if you use your card for everyday purchases, and one direct deposit is standard. The bill pay part adds a little extra effort, but three transactions in 90 days is nothing. Just be sure to read the fine print and keep the account open until the bonus posts. If you're out of state, though, you'll have to sit this one out.

Bottom Line

• Open the account at the Hebron branch to qualify.
• Meet Five Star Checking requirements within 90 days for $200.
• Complete 3 online bill pays in the same period for an extra $100.
• Avoid the $7.50 monthly fee by maintaining qualifications.
• Bonuses are taxable income.

Common Questions